City hedge fund Toscafund, which last year acquired a number of mortgage books, is offering to write off up to 20 per cent of mort-gage holders’ borrowings if they remortgage with a new lender.
The influence of RDR appears to pervade all areas of the investment arena and, based on the workshops conducted with advisers around our 2010 Growing Pensions research, pension products are no exception. It is perhaps ironic that the activity designed to reorganise distribution appears in many ways to be having a far greater effect than […]
The FSA has confirmed that it will issue a clarification of its position on trail commission under the retail distribution review following industry concern. Aifa is lobbying the FSA over concerns that advisers who change their authorisation may lose trail commission. It says: “One of the most contentious parts of the rules is the ambiguity […]
Towergate Partnership has reported a £28m loss for 2009, increasing from an £18m loss the previous year.
The Greek debt crisis appears unlikely to have triggered a significant move away from continental European equities during this month’s Adviser Fund Index rebalancing, according to the views of some panellists.
The latest update from the Sustainable Investments Team at Royal London Asset Management, Responsibility Matters, is now available. In this edition the team look at issues such as the growing acceptance of sustainable investing and technology in China. Read the update here: The value of investments and the income from them is not guaranteed and […]
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Providers are reviewing their marketing packages to advisers at conferences and on websites amid concerns they will fall foul of new inducement rules under Mifid II. Mifid II, which came into force on 3 January, brought in more stringent rules around “non-monetary benefits” from providers to advisers. The rules have been translated into the FCA conduct of […]
A misleading headline rate of unemployment means opportunities are being overlooked by investors
The FSCS is budgeting an extra £3.5m to cover the cost of running the scheme this year. The management expenses levy, which is used to cover the cost of administering the scheme separately from any compensation payments made, proposed for 2018/19 by the FSCS today is £77.7 million, up 5 per cent on the previous […]